Planning on buying an overseas property? Turkish banks provide a quick, comprehensive and competitive mortgage solutions so that your purchase is smooth and stress-free. Mortgage experts will put the financing in place while you look forward with confidence to many happy years of enjoyment in your new home abroad!
Changes in restrictions on foreign people buying houses in Turkey have created the beginnings of a property boom, with Britons leading the investment in property.
All the evidence indicates that a property boom is unfolding in Turkey, and that substantial capital gains are to be had. Turkey's young and ambitious population ensures that there is a strong domestic demand for properties - holiday home buyers are not limited to foreign investment when re-selling property. Whilst the Turkish mortgage system previously acted as a barrier to investment, with Turkish banks only able to offer short-term loans, new mortgage facilities have been created. These will allow the Turkish property market to increase substantially, and allow domestic buyers to gain a foothold. The next few years, and perhaps beyond, are likely to see a dramatic increase in the construction of property, with many new holiday homes and buy-to-let opportunities being created.
At the moment Turkey offers great opportunities to UK buyers of holiday homes and buy–to–let investors. This is why they are special designed mortgages available to reflect the individual aspirations of potential customers…
You can own your desired home in Turkey with Non-Resident Mortgages from various local banks in local currency (YTL), 1.54 % per month or in foreign currency starting from 0.50 % per month with terms up to 240 months.
Off plan mortgages
Various banks make deals with project developers to finance uncompleted houses in a project. Sometimes Bank gives loans before completion of the house or gives you upfront the commitment that Bank will pay out a loan after completion. Email us on info@premiumop.com to ask for our current joint promotion with developers and ask for the special conditions.
Loan Application is very easy...
Documents to be provided :
- Turkish Tax ID Number provided
- Appraisal report fee
- Processing fee
- commission of the loan amount (% various to the lender)
- Non- Resident Application Form (provided by the sales officers)
- Sample copy of the passport or the original copy of permanent residence
- Credit Bureau record from applicant’s home country(For UK citizens Exparian and Equifax)
- For income statement required documents showing last 3 months; ;tax document, abstarct soft account and credit card statement.